Property investors enjoyed capital gains of 20.36% over the last 12 months in DOVETON, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in DOVETON are low, as opposed to average gains per annum over the past five years.
The suburb posted a 60.1% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $315 based on current median home prices for the suburb.
On average, rents on listings have reached the $315 mark, reflecting a 3.28% increase in returns based on the current median price in DOVETON.
DOVETON, 3177 ranks 117th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 292nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.28% return.
Property investors have seen a 5.26% gain in DOVETON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DOVETON, 3177 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 24.03%.
Based on its average 5-year and quarterly capital gains DOVETON, 3177 saw average growth in the long term.
DOVETON, 3177 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $400,000.
Profits due to an upward trend in home prices in DOVETON, 3177 averaged 9.68% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $325 based on current median home prices for the suburb.
The gross rental yield in DOVETON, 3177 is 4.23%.
An average of 4.67 real estate transactions take place per month in DOVETON which translates to 56 per annum.
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